Audio By Carbonatix
Facebook Inc is entering the dating game, Chief Executive Mark Zuckerberg said on Tuesday, planning a dating service to matchmake millions of people on the world’s largest online social network and nudge them into spending more time there.
The service, which Facebook had considered offering for over a decade and will launch soon, could help rebuild its popularity among younger consumers and make people visit the site more often, two key challenges for the business.
“There are 200 million people on Facebook that list themselves as single, so clearly there’s something to do here,” Zuckerberg told software developers at Facebook’s annual F8 conference.
Facebook shares rose 1.1 percent to close at $173.86 on the news, which sparked a sell-off of established online dating service providers.
Facebook users have been able to reveal their relationship status on the network since it first went live in February 2004.
Latest Stories
-
Five-year-old boy dies after getting caught in ski travelator
2 hours -
‘This is an abuse of trust’- PUWU-TUC slams gov’t over ECG privatisation plans
2 hours -
Children should be protected from home fires – GNFS
2 hours -
Volta Regional Minister urges unity, respect for Chief Imam’s ruling after Ho central mosque shooting
2 hours -
$214M in gold-for-reserves programme not a loss, Parliament’s economy chair insists it’s a transactional cost
3 hours -
Elegant homes estate unveils ultra-modern sports complex in Katamanso
3 hours -
ECG can be salvaged without private investors -TUC Deputy Secretary-General
3 hours -
Two pilots killed after mid-air helicopter collision in New Jersey
3 hours -
2025 in Review: Fire, power and the weight of return (January – March)
4 hours -
Washington DC NPP chairman signals bid for USA chairmanship
4 hours -
Sheikh Ali Muniru remains Volta regional Imam, says National chief Imam
4 hours -
GoldBod CEO accuses Minority of hypocrisy over Gold-for-Reserves losses
4 hours -
Sammy Gyamfi to address alleged losses under gold for reserves programme on Jan 5
5 hours -
BoG–GoldBod $214m hit is design failure, not market loss – Minority
5 hours -
Festive season sees minor fires, but domestic cases hit 15–20 daily – GNFS
5 hours